Crossmark Global Holdings Inc. Sells 718 Shares of Diamondback Energy, Inc. (NASDAQ:FANG)

Crossmark Global Holdings Inc. cut its position in shares of Diamondback Energy, Inc. (NASDAQ:FANG) by 12.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,202 shares of the oil and natural gas company’s stock after selling 718 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Diamondback Energy were worth $897,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FANG. Legacy Capital Wealth Partners LLC boosted its stake in shares of Diamondback Energy by 89.7% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 6,373 shares of the oil and natural gas company’s stock worth $1,099,000 after buying an additional 3,013 shares during the last quarter. Sigma Planning Corp lifted its holdings in Diamondback Energy by 19.4% during the third quarter. Sigma Planning Corp now owns 6,948 shares of the oil and natural gas company’s stock worth $1,198,000 after acquiring an additional 1,127 shares during the period. Covestor Ltd lifted its holdings in Diamondback Energy by 49.8% during the third quarter. Covestor Ltd now owns 704 shares of the oil and natural gas company’s stock worth $122,000 after acquiring an additional 234 shares during the period. Atria Investments Inc boosted its position in Diamondback Energy by 18.5% in the third quarter. Atria Investments Inc now owns 42,678 shares of the oil and natural gas company’s stock worth $7,358,000 after purchasing an additional 6,672 shares during the last quarter. Finally, Oxbow Advisors LLC grew its stake in Diamondback Energy by 232.3% in the 3rd quarter. Oxbow Advisors LLC now owns 15,421 shares of the oil and natural gas company’s stock valued at $2,659,000 after purchasing an additional 10,780 shares during the period. 90.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Diamondback Energy news, major shareholder Lyndal Greth sold 13,212,830 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $175.11, for a total value of $2,313,698,661.30. Following the completion of the transaction, the insider now owns 1,037,819 shares of the company’s stock, valued at $181,732,485.09. The trade was a 92.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Lawrence Plaumann sold 1,150 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total transaction of $208,150.00. Following the completion of the transaction, the director now directly owns 4,712 shares in the company, valued at $852,872. The trade was a 19.62 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Diamondback Energy Stock Up 0.6 %

Shares of NASDAQ:FANG opened at $182.42 on Friday. The firm has a fifty day moving average price of $181.26 and a two-hundred day moving average price of $191.70. The company has a market cap of $53.26 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.27 and a beta of 1.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.45 and a quick ratio of 0.42. Diamondback Energy, Inc. has a one year low of $145.70 and a one year high of $214.50.

Diamondback Energy (NASDAQ:FANG) last posted its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.62 by ($1.24). The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.43 billion. Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. Diamondback Energy’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $5.49 EPS. Analysts anticipate that Diamondback Energy, Inc. will post 17 EPS for the current fiscal year.

Diamondback Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, November 14th. Diamondback Energy’s payout ratio is 20.61%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FANG. Jefferies Financial Group assumed coverage on Diamondback Energy in a research note on Monday, September 16th. They set a “hold” rating and a $185.00 target price on the stock. Piper Sandler boosted their target price on shares of Diamondback Energy from $240.00 to $252.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Wolfe Research assumed coverage on shares of Diamondback Energy in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Bank of America lifted their price target on shares of Diamondback Energy from $201.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Barclays raised Diamondback Energy from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $216.00 to $210.00 in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.64.

Diamondback Energy Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.